Press Releases

New Delhi, February 6, 2018: The Income Tax Department has issued about one lakh notices to people who have invested in crypto currencies like Bitcoin and have not declared it in their income tax return, CBDT (Central Board of Direct Taxes) chairman, Mr Sushil Chandra said at an ASSOCHAM event held in New Delhi today.

New Delhi, February 5, 2018: Despite increase in life-style diseases, only 3% of workers are worried about their future health since majority of it is hardly able to spare resources beyond meeting their daily needs and the absence of any affordable health services provided by corporates to majority of its employees, reveals ASSOCHAM survey.

New Delhi, February 3, 2018: The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.

Mumbai, February 2, 2018: Apex industry body ASSOCHAM expects the Reserve Bank of India (RBI) to keep key interest rates unchanged in its monetary policy review due on February 7, more so as inflation is forecast to stay high as it breached the authority’s target.

New Delhi, January 30, 2018: With a meagre 35 per cent and 17 per cent debt market penetration in Government securities (G-secs) and corporate bonds, India is trailing developed economies like the United States of America (USA) where it is 83 per cent and 123 per cent respectively, noted a recent ASSOCHAM-Crisil joint study.

New Delhi, 29th January 2018: Economic Survey for 2017-18 has brought out areas of concern such as rising non-performing assets of the public sector banks and has underlined the need, rightly so, for putting maximum emphasis on creating new jobs, agriculture and education, said ASSOCHAM President Mr Sandeep Jajodia.

New Delhi, January 24, 2018: Apex industry body ASSOCHAM has urged the Centre to re-impose 10 per cent customs duty on import of paper and paperboards from ASEAN (The Association of Southeast Asian Nations).

New Delhi, January 23, 2018: The rising aspiration among Indian men to look better groomed, rapid urbanization and increasing per capita income has led to the Indian men’s grooming market’s rapid growth of more than 45% in the last 5 years, reveals the ASSOCHAM latest report.

New Delhi, January 22, 2018: With Indian banking sector currently under stress, gross NPAs are expected to rise from March 2017 level of Rs 8 lakh crore to Rs 9.5 lakh crore as on March 31, 2018 i.e. about 10.5 per cent of total advances, while stressed assets are expected to be at Rs 11.5 lakh crore, noted a just-concluded ASSOCHAM-Crisil joint study.